Culp, Inc. is a global textile enterprise involved in the manufacturing, procurement, marketing, and sale of materials for bedding and upholstered furniture. Its products, which include mattress fabrics, sewn covers, and pre-cut fabric kits, are distributed across the United States, North America, Asia, and other international regions. The company's operations are segmented into two core divisions: Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics division specializes in offering various textiles like woven jacquard, knitted, and converted fabrics, essential for crafting bedding components such as mattresses, box springs, foundations, and top-of-bed items. Concurrently, the Upholstery Fabrics division supplies a wide selection of materials, including jacquard woven fabrics, velvets, micro denier suedes, dobby weaves, knitted fabrics, piece-dyed woven products, and polyurethane fabrics. These are primarily used in the production of residential and commercial upholstered furniture (such as sofas, recliners, chairs, loveseats, sectionals, and sofa-beds), along with office seating and window treatment solutions. This segment also extends installation services to its clients in the hospitality and commercial sectors. Founded in 1972, Culp, Inc. is headquartered in High Point, North Carolina.
Culp Announces Fourth Quarter and Full Year Fiscal 2026 Results
Culp reported Q4 revenue of $51.6 million, up 7.6% sequentially and approximately 6% year-over-year, driven by a 12.5% increase in bedding sales.
The company narrowed its net loss to $2.2 million, or $(0.18) per share, from $(3.4) million in the prior quarter, benefiting from a 210 basis point improvement in gross margin to 13.2%.
Management guided for breakeven to positive adjusted EBITDA in the first quarter of fiscal 2027, supported by the recovery of approximately $7 million in tariff refunds and over $20 million in annualized savings.